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[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 90/2020 Central Tax New Delhi, the 1st December, 2020 G.S.R.....(E).In exercise of the powers conferred by the first proviso to rule 46 of the Central Goods and Services Tax Rules, 2017, the Central Board of Indirect Taxes and Customs, on the recommendations of the Coun
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FAQ :
The CBIC has mandated that certain classes of supply must now use an eight-digit HSN code on tax invoices, instead of the previously allowed shorter codes.
Registered persons who are dealing with the specific chemical products listed in the notification are affected by this new requirement.
This amendment came into effect on December 1st, 2020.
The notification includes a table that specifies the chemical names and their corresponding eight-digit HSN codes that are subject to this new rule.
HSN codes are used for the classification of goods for the purpose of the Goods and Services Tax (GST).
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